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Turkey inflation above 16 percent in test for new central bank chief

Turkey's annual inflation climbed above 16 percent in March for the first time since mid-2019, data showed on Monday, piling pressure on new central...

Turkey’s new central bank governor says April rate cut shouldn’t be taken for granted

Şahap Kavcıoğlu, the newly appointed governor of Turkey’s central bank, said markets shouldn’t take for granted that he’ll cut interest rates as early as...

Turks grapple with poverty as inflation bites

Gülay Avşar is a regular at a market in Ankara's old town, where prices are more reasonable than most other places around the Turkish...

Turkey registers highest inflation rate since mid-2019 at 15.61 pct in February

Turkish annual inflation rose more than expected to 15.61 percent in February, the highest since mid-2019 according to official data on Wednesday, keeping pressure...

Turkey’s inflation jumped to 15 percent in January: report

Turkey’s annual inflation rate climbed more than expected to 14.97 percent last month, data showed on Wednesday, driven by energy and food prices and...

Erdoğan blames shopkeepers for rising food prices, warns of penalties

Turkish President Recep Tayyip Erdoğan holds the country’s shopkeepers responsible for the country's constantly increasing food prices, warning that they may face penalties if...

Amid Turkey’s economic woes, video of father who can afford cooking oil goes viral

Cevheri Güven Sunflower seed oil, a regular item in most Turkish kitchens, has seen a price surge of 40 percent over the past few months....

The real portrait of Turkey’s economy

Turkey’s financial troubles have increased since the country was hit by the COVID-19 pandemic. Contrary to government declarations, a sudden surge in the number...

Turkey sees sharp rise in number of poverty-related suicides under AKP rule

A total of 4,801 people have died by suicide in Turkey due to financial problems since 2002, when the Justice and Development Party (AKP)...

Turkish inflation higher than expected at 14.6 percent in December: report

Turkish annual inflation rose more than expected to 14.6 percent in December as food costs jumped, official data showed on Monday, keeping pressure on...

Turkey hikes main interest rate to 17 percent to help bring down inflation

Turkey's central bank on Thursday raised its main interest rate by two percentage points to 17 percent and promised further monetary tightening to help...

Turkey sees highest inflation in more than a year at 14 percent

Turkey's annual inflation jumped more than expected to 14.03 percent in November, its highest since August 2019 on the back of the Turkish lira's...

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